Allied Gaming & Entertainment Announces Second Quarter 2024 Financial Results
August 19, 2024 4:05 pm EDT Download as PDF
NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the second quarter ended June 30, 2024.
"These are exciting times at Allied Gaming & Entertainment as our business is very well positioned with a number of growth catalysts in the near future," stated Yinghua Chen, Chief Executive Officer of AGAE. "We are particularly bullish on our most recent announcement, the formation of the World Mahjong Tour, which will utilize the highly successful and sustainable business model of World Poker Tour to bring Mahjong to enthusiasts around the world. We look forward to our opening season, with the champion being crowned at our HyperX Arena in the spring of 2025."
Second Quarter 2024 Financial Results
Revenues: Total revenues of $2.6 million were up 11% from $2.4 million in the prior quarter, but decreased 19% compared to $3.3 million in the second quarter of 2023. The year-over-year decrease was primarily attributable to a $2.0 million decline in multi-platform revenues from our branded content production arm, offset by $1.7 million in current period casual mobile gaming revenues following the Company's strategic investment in Z-Tech in the fourth quarter of 2023.
Costs and expenses: Total costs and expenses were $7.9 million, an increase of 70% compared to the second quarter of 2023. The year-over-year increase was primarily attributable to a $3.0 million increase in general and administrative expenses primarily driven by legal and other costs incurred in response to legal actions by an activist shareholder.
Net loss for the second quarter of 2024 was $3.9 million compared to a net loss of $0.7 million in the prior year period.
Furthermore, adjusted EBITDA loss was $1.4 million for the second quarter of 2024 compared to a loss of $1.7 million in the prior quarter and a loss of $1.1 million in the second quarter of 2023. A reconciliation of the GAAP-basis net income (loss) to adjusted EBITDA is provided in the table at the end of this press release.
Balance Sheet
As of June 30, 2024, the Company had a cash and short-term investments position of $95.2 million, including $5.0 million of restricted cash, compared to $78.6 million at December 31, 2023. At June 30, 2024, the Company had a working capital position of $61.8 million compared to $66.4 million at December 31, 2023. As of June 30, 2024, the Company had approximately 38.2 million shares of outstanding common stock.
Operational Update
HyperX Arena hosted 65 event days in the second quarter of 2024, with 25 proprietary event days and 40 third-party event days. Third-party events were highlighted by WPT Choctaw Championship, WPT Seminole Hard Rock Poker Showdown final table, Mobile Legends Bang Bang 2024 NACT Spring Grand Finale, 2024 Licensing International Excellence Awards, and the Sonic Boombox Unofficial LVL Up Afterparty.
Corporate Developments
Subsequent to the end of the quarter, AGAE announced the launch of the World Mahjong Tour ("WMT"), a series of events that will bring the game of Mahjong to a global stage. The first WMT Premier event finale is set to take place in the spring of 2025 at HyperX Arena in Las Vegas. In addition to the tournament series, WMT will introduce proprietary mobile games, Mahjong-themed content production, and a comprehensive membership services model.
Second Quarter 2024 Conference Call
The Company will host a conference call today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its second quarter 2024 financial results. Participants may join the conference call by dialing 1-800-225-9448 (United States) or 1-203-518-9708 (international) and providing the conference ID "Allied".
A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at ir.alliedgaming.gg. Additionally, financial information presented on the call will be available on Allied Gaming & Entertainment's Investor Relations site. For those unable to participate in the conference call, a telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. Eastern Time on Monday, September 2, 2024, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and using the replay passcode: 11156478.
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit alliedgaming.gg.
Non-GAAP Financial Measures
As a supplement to our financial measures presented in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company presents certain non-GAAP measures of financial performance. These non-GAAP financial measures are not intended to be considered in isolation from, as a substitute for, or as more important than, the financial information prepared and presented in accordance with GAAP. In addition, these non-GAAP measures have limitations in that they do not reflect all of the items associated with the company's results of operations as determined in accordance with GAAP. Non-GAAP financial measures are not an alternative to the Company's GAAP financial results and may not be calculated in the same manner as similar measures presented by other companies.
The Company provides net income (loss) and earnings (loss) per share in accordance with GAAP. In addition, the Company provides EBITDA (defined as GAAP net income (loss) from continuing operations before interest (income) expense, income taxes, depreciation, and amortization). The Company defines "Adjusted EBITDA" as EBITDA excluding certain non-cash and non-recurring charges, such as stock-based compensation, business acquisition transaction costs and impairment expense.
In the future, the Company may also consider whether other items should also be excluded in calculating the non-GAAP financial measures used by the Company. Management believes that the presentation of these non-GAAP financial measures provides investors with additional useful information to measure the Company's financial and operating performance. In particular, these measures facilitate comparison of our operating performance between periods and help investors to better understand the operating results of the Company by excluding certain items that may not be indicative of the Company's core business, operating results, or future outlook. Additionally, we consider quantitative and qualitative factors in assessing whether to adjust for the impact of items that may be significant or that could affect an understanding of our ongoing financial and business performance or trends. Internally, management uses these non-GAAP financial measures, along with others, in assessing the Company's operating results, measuring compliance with any applicable requirements of the Company's debt financing agreements in place at such time, as well as in planning and forecasting.
The Company's non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles, and our non-GAAP definitions of the "EBITDA" and "Adjusted EBITDA" do not have a standardized meaning. Therefore, other companies may use the same or similarly named measures, but include or exclude different items, which may not provide investors a comparable view of the Company's performance in relation to other companies.
Management compensates for the limitations resulting from the exclusion of these items by considering the impact of the items separately and by considering the Company's GAAP, as well as non-GAAP, financial results and outlook, and by presenting the most comparable GAAP measures directly ahead of non-GAAP measures, and by providing a reconciliation that indicates and describes the adjustments made.
Forward Looking Statements
This communication contains certain forward-looking statements under federal securities laws. Forward-looking statements may include our statements regarding our goals, beliefs, strategies, objectives, plans, including product and service developments, future financial conditions, results or projections or current expectations. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "intend" or "continue," the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Important factors, among others, that may affect actual results or outcomes include: risks associated with the future direction or governance of the Company; our ability to execute on our strategic and business plans; the substantial uncertainties inherent in the acceptance of existing and future products and services; the ability to retain key personnel; current and potential litigation and related legal expenses; general economic and market conditions impacting demand for our services; our inability to enter into one or more future acquisition or strategic transactions; and our ability, or a decision not to pursue strategic options for the esports business. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. The business and operations of AGAE are subject to substantial risks, which increase the uncertainty inherent in the forward-looking statements contained in this communication. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Further information on potential factors that could affect our business and results is described under "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the U.S. Securities and Exchange Commission (the "SEC") on March 28, 2024, as amended by the Form 10-K/A filed with the SEC on April 29, 2024, as well as subsequent reports we file with the SEC. Readers are also urged to carefully review and consider the various disclosures we made in such Annual Report on Form 10-K and in subsequent reports with the SEC.
ALLIED GAMING & ENTERTAINMENT INC. AND SUBSIDIARIES |
Condensed Consolidated Balance Sheets |
| | | | |
| | June 30, | | December 31, |
| | 2024 | | 2023 |
| | (unaudited) | | |
Assets | | | | |
Current Assets | | | | |
Cash and cash equivalents | | $ | 33,303,635 | | | $ | 16,320,583 | |
Short-term investments | | | 54,800,000 | | | | 56,500,000 | |
Interest receivable | | | 2,095,405 | | | | 792,223 | |
Accounts receivable | | | 377,589 | | | | 529,369 | |
Deposits, current portion | | | 3,700,000 | | | | 3,700,000 | |
Prepaid expenses and other current assets | | | 457,645 | | | | 498,886 | |
Total Current Assets | | | 94,734,274 | | | | 78,341,061 | |
Restricted cash | | | 5,000,000 | | | | 5,000,000 | |
Property and equipment, net | | | 3,378,118 | | | | 3,834,193 | |
Digital assets | | | 49,300 | | | | 49,300 | |
Intangible assets, net | | | 5,801,239 | | | | 6,254,731 | |
Deposits, non-current portion | | | 376,678 | | | | 392,668 | |
Operating lease right-of-use asset | | | 4,944,215 | | | | 5,415,678 | |
Goodwill | | | 12,413,826 | | | | 12,729,056 | |
Total Assets | | $ | 126,697,650 | | | $ | 112,016,687 | |
Liabilities and Stockholders' Equity | | | | |
Current Liabilities | | | | |
Accounts payable | | $ | 1,138,571 | | | $ | 371,830 | |
Accrued expenses and other current liabilities | | | 857,175 | | | | 763,512 | |
Deferred revenue | | | 350,265 | | | | 103,748 | |
Operating lease liability, current portion | | | 1,545,350 | | | | 1,482,977 | |
Loans payable | | | 29,076,365 | | | | 9,230,168 | |
Total Current Liabilities | | | 32,967,726 | | | | 11,952,235 | |
| | | | |
Operating lease liability, non-current portion | | | 4,816,517 | | | | 5,560,251 | |
Deferred tax liability | | | 1,069,014 | | | | 1,096,160 | |
Total Liabilities | | | 38,853,257 | | | | 18,608,646 | |
Commitments and Contingencies (Note 9) | | | | |
Stockholders' Equity | | | | |
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, | | | | |
none issued and outstanding | | | - | | | | - | |
Series A Preferred stock, $0.0001 par value, 50,000 shares designated, | | | | |
none issued and outstanding | | | - | | | | - | |
Common stock, $0.0001 par value; 100,000,000 shares authorized, | | | | |
40,465,097 and 39,085,470 shares issued at June 30, 2024 and | | | | |
December 31, 2023, and 38,185,313 and 36,805,686 shares outstanding at | | | | |
June 30, 2024 and December 31, 2023, respectively | | | 4,047 | | | | 3,909 | |
Additional paid in capital | | | 199,266,718 | | | | 198,677,132 | |
Accumulated deficit | | | (119,173,397) | | | | (113,671,029) | |
Accumulated other comprehensive income | | | 257,222 | | | | 433,565 | |
Treasury stock, at cost, 2,279,784 shares at June 30, 2024 | | | | |
and December 31, 2023 | | | (2,693,653) | | | | (2,693,653) | |
Total Allied Gaming & Entertainment Inc. Stockholders' Equity | | | 77,660,937 | | | | 82,749,924 | |
Non-controlling interest | | | 10,183,456 | | | | 10,658,117 | |
Total Stockholders' Equity | | | 87,844,393 | | | | 93,408,041 | |
Total Liabilities and Stockholders' Equity | | $ | 126,697,650 | | | $ | 112,016,687 | |
| | | | | | | | |
The accompanying notes are an integral part of these condensed consolidated financial statements. |
ALLIED GAMING & ENTERTAINMENT INC. AND SUBSIDIARIES |
Condensed Consolidated Statements of Operations |
(unaudited) |
| | | | | | | | | |
| | | For the Three Months Ended | | For the Six Months Ended |
| | | June 30, | | June 30, |
| | 2024 | | 2023 | | 2024 | | 2023 |
| | | | | | | | | |
Revenues: | | | | | | | | |
In-person | | $ | 917,362 | | | $ | 1,267,773 | | | $ | 2,172,560 | | | $ | 2,461,103 | |
Multiplatform content | | | 52 | | | | 2,000,322 | | | | 111 | | | | 2,000,424 | |
Casual mobile gaming | | | 1,722,454 | | | | - | | | | 2,846,258 | | | | - | |
Total Revenues | | | 2,639,868 | | | | 3,268,095 | | | | 5,018,929 | | | | 4,461,527 | |
Costs and Expenses: | | | | | | | | |
In-person (exclusive of depreciation and amortization) | | | 502,203 | | | | 643,831 | | | | 1,138,166 | | | | 1,316,053 | |
Multiplatform content (exclusive of depreciation and amortization) | | | - | | | | 1,517,311 | | | | - | | | | 1,517,707 | |
Casual mobile gaming (exclusive of depreciation and amortization) | | | 1,561,165 | | | | - | | | | 2,498,070 | | | | - | |
Research and development expenses | | | 173,533 | | | | - | | | | 368,744 | | | | - | |
Selling and marketing expenses | | | 54,361 | | | | 66,941 | | | | 108,049 | | | | 121,539 | |
General and administrative expenses | | | 5,236,160 | | | | 2,223,025 | | | | 8,091,482 | | | | 4,766,372 | |
Depreciation and amortization | | | 402,698 | | | | 212,218 | | | | 780,168 | | | | 790,778 | |
Total Costs and Expenses | | | 7,930,120 | | | | 4,663,326 | | | | 12,984,679 | | | | 8,512,449 | |
Loss From Operations | | | (5,290,252 | ) | | | (1,395,231 | ) | | | (7,965,750 | ) | | | (4,050,922) | |
Other Income (Expense): | | | | | | | | |
Other income (expense), net | | | 14,399 | | | | (11,113 | ) | | | 1,241 | | | | 16,342 | |
Gain realized on foreign currency transactions | | | 351,434 | | | | - | | | | 351,434 | | | | - | |
Interest income, net | | | 1,041,468 | | | | 715,126 | | | | 1,900,673 | | | | 1,449,575 | |
Net Loss | | | (3,882,951 | ) | | | (691,218 | ) | | | (5,712,402 | ) | | | (2,585,005) | |
Less: net loss attributable to non-controlling interest | | | (79,693 | ) | | | - | | | | (210,034 | ) | | | - | |
Net Loss Attributable to Common Stockholders | | $ | (3,803,258 | ) | | $ | (691,218 | ) | | $ | (5,502,368 | ) | | $ | (2,585,005) | |
| | | | | | | | | |
Net Loss per Common Share | | | | | | | | | |
Basic and Diluted | | $ | (0.09 | ) | | $ | (0.02 | ) | | $ | (0.13 | ) | | $ | (0.07) | |
| | | | | | | | | |
Weighted Average Number of Common Shares Outstanding: | | | | | | | | | |
Basic and Diluted | | | 43,212,071 | | | | 37,199,100 | | | | 41,034,900 | | | | 37,559,922 | |
| | | | | | | | | |
The accompanying notes are an integral part of these condensed consolidated financial statements. |
Allied Gaming & Entertainment, Inc. and Subsidiaries
Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA are non-GAAP financial measures and should not be considered as a substitute for net income (loss), operating income (loss) or any other performance measure derived in accordance with United States generally accepted accounting principles ("GAAP") or as an alternative to net cash provided by operating activities as a measure of AGAE's profitability or liquidity. AGAE's management believes EBITDA and Adjusted EBITDA are useful because they allow external users of its financial statements, such as industry analysts, investors, lenders and rating agencies, to more effectively evaluate its operating performance, compare the results of its operations from period to period and against AGAE's peers without regard to AGAE's financing methods, hedging positions or capital structure and because it highlights trends in AGAE's business that may not otherwise be apparent when relying solely on GAAP measures. AGAE presents EBITDA and Adjusted EBITDA because it believes EBITDA and Adjusted EBITDA are important supplemental measures of its performance that are frequently used by others in evaluating companies in its industry. Because EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income (loss) and may vary among companies, the EBITDA and Adjusted EBITDA AGAE presents may not be comparable to similarly titled measures of other companies. AGAE defines EBITDA as earnings before interest, income taxes, depreciation and amortization of intangibles. AGAE defines Adjusted EBITDA as EBITDA excluding stock-based compensation and non-recurring, infrequent or unusual items.
The following table presents a reconciliation of EBITDA and Adjusted EBITDA from net loss, AGAE's most directly comparable financial measure calculated and presented in accordance with GAAP.
| | Three Months Ended June 30, | | Six Months Ended June 30, |
| | |
| | 2024 | | 2023 | | 2024 | | 2023 |
Net loss | | $ | (3,882,951) | | | $ | (691,218) | | | $ | (5,712,402) | | | $ | (2,585,005) | |
Interest income, net | | | (1,041,468) | | | | (715,126) | | | | (1,900,673) | | | | (1,449,575) | |
Depreciation and amortization | | | 402,698 | | | | 212,218 | | | | 780,168 | | | | 790,778 | |
EBITDA | | | (4,521,721) | | | | (1,194,126) | | | | (6,832,907) | | | | (3,243,802) | |
Non-recurring legal fees | | | 2,938,034 | | | | - | | | | 3,138,034 | | | | - | |
Stock compensation | | | 202,308 | | | | 66,856 | | | | 673,908 | | | | 71,982 | |
Adjusted EBITDA | | $ | (1,381,379) | | | $ | (1,127,270) | | | $ | (3,020,965) | | | $ | (3,171,820) | |
| | | | | | | | |
Note: the non-recurring legal fees relate to a shareholder complaint filed in the Court of Chancery of the State of Delaware on March 7, 2024 |
View source version on businesswire.com:
Investor Contact:
Tyler Drew
Addo Investor Relations
agae@addo.com
310-829-5400
Source: Allied Gaming & Entertainment, Inc.
Released August 19, 2024
盟军游戏和娱乐宣布2024年第二季度财务业绩
2024年8月19日下午4:05 EDT 以PDF格式下载
全球体验娱乐公司Allied Gaming & Entertainment, Inc.(NASDAQ: AGAE)(以下简称“公司”或“AGAE”)今天宣布了2024年第二季度截至6月30日的财务业绩。
“这是Allied Gaming & Entertainment令人兴奋的时刻,因为我们的业务在不久的将来将处于非常有利位置。” Ally Gaming & Entertainment的首席执行官陈颖华表示:“我们对于我们最近宣布的World Mahjong Tour特别看好,它将利用World Poker Tour非常成功和可持续的商业模式,将麻将带给全球的爱好者。我们期待着开赛季,冠军将在2025年春季在我们的HyperX Arena加冕。”
2024年第二季度财务结果
营业收入: 总收入为260万美元,比上一季度的240万美元增长了11%,但与2023年第二季度的330万美元相比下降了19%。年同比下降主要归因于我们的品牌内容制作部门多平台收入下降200万美元,但在2023年第四季度对Z-Tech的战略投资后,当期休闲手机游戏收入增加了170万美元。
成本和费用:总成本和费用为790万美元,比2023年第二季度增长了70%。年同比增长主要归因于总经理和行政费用增加了300万美元,主要是为了应对一位激进股东的法律诉讼而产生的法律和其他费用。
2024年第二季度的净亏损为390万美元,而上年同期的净亏损为70万美元。
此外,2024年第二季度调整后的EBITDA亏损为140万元,相比之前一季度的亏损170万元和2023年第二季度的亏损110万元。详见本新闻稿末尾的表格,GAAP基准下的净收入(亏损)与调整后的EBITDA的关系。
资产负债表:
截止2024年6月30日,公司现金和短期投资总额为9520万元,其中包括500万元的限制性现金,相比之下,2023年12月31日为7860万元。截止2024年6月30日,公司的营运资本为6180万元,相比之下,2023年12月31日为6640万元。截止2024年6月30日,公司有约3820万股普通股。
运营更新
HyperX Arena在2024年第二季度共举办了65个活动日,其中25个为自有活动日,40个为第三方活动日。第三方活动包括WPt Choctaw Championship,WPt Seminole Hard Rock扑克秀决赛,移动传奇2024 NACt春季总决赛,2024版权国际卓越大奖和Sonic Boombox非官方LVL Up Afterparty。
企业发展
在本季度结束后,AGAE宣布推出世界麻将巡回赛("WMT"),一系列活动将把麻将游戏带上全球舞台。第一届WMt Premier比赛的总决赛将于2025年春季在拉斯维加斯的HyperX Arena举行。除了锦标赛系列外,WMt还将推出自有的手机游戏、麻将主题内容制作以及综合会员服务模式。
2024年第二季度电话会议
公司将于太平洋时间下午2:00/东部时间下午5:00举行电话会议,讨论2024年第二季度的财务业绩。参与者可通过拨打1-800-225-9448(美国)或1-203-518-9708(国际)并提供会议ID“阿联数据”加入电话会议。
还可以在Allied Gaming & Entertainment的投资者关系网站ir.alliedgaming.gg上观看电话会议的现场网络直播。此外,电话会议上提供的财务信息也可以在Allied Gaming & Entertainment的投资者关系网站上找到。对于无法参加电话会议的人,电话会议结束后不久还可以通过拨打1-844-512-2921(美国)或1-412-317-6671(国际)并使用回放密码:11156478回放电话会议。
关于Allied Gaming&Entertainment
Allied Gaming&Entertainment Inc.(纳斯达克:AGAE)是一家全球体验式娱乐公司,专注于通过知名资产、产品和服务为日益增长的游戏玩家和音乐会参观者提供独特的体验。有关更多信息,请访问alliedgaming.gg。
非依照普遍公认会计准则的财务措施
作为我们按美国公认会计准则("GAAP")列示的财务指标的补充,公司展示了某些非GAAP的财务绩效指标。这些非GAAP的财务指标不打算孤立地考虑,也不打算作为按照GAAP编制和展示的财务信息的替代品,也不打算比按照GAAP确定的公司运营结果更重要。此外,这些非GAAP财务指标具有局限性,因为它们不反映与公司按照GAAP确定的运营结果相关的所有项目。非GAAP财务指标不能作为公司的GAAP财务结果的替代品,并且可能无法按照其他公司提供的类似指标进行计算。
公司根据GAAP提供净利润(损失)和每股收益(损失)。此外,公司还提供EBITDA(定义为从持续经营中的GAAP净利润(损失)中除去利息(收入)支出、所得税、折旧和摊销)。公司将“调整后的EBITDA”定义为除去某些非现金和非经常性费用的EBITDA,如以股票为基础的补偿、企业收购交易成本和减值费用。
未来,公司也可能考虑在计算公司使用的非GAAP财务指标时是否还应该排除其他项目。管理层认为,提供这些非GAAP财务指标向投资者提供了额外的有用信息,以衡量公司的财务和经营绩效。特别是,这些指标有助于比较我们的业绩表现,并帮助投资者更好地理解公司的经营业绩,因为排除了可能不具有公司核心业务、经营业绩或未来展望指标的某些项目。此外,我们考虑数量和质量因素,评估是否调整项目的影响可能重大或可能影响对我们持续财务和业务绩效或趋势的理解。在内部,管理层在评估公司的营业业绩、衡量公司当时的债务融资协议的任何适用要求的同时,以及在公司的计划和预测中使用这些非GAAP财务指标以及其他指标。
公司的非GAAP财务指标不是基于一套全面的会计规则或原则,我们对“EBITDA”和“调整后的EBITDA”的非GAAP定义没有标准化含义。因此,其他公司可能使用相同或类似名称的指标,但包括或排除不同项目,这可能无法为投资者提供与其他公司相关的公司业绩可比的观点。
管理层通过单独考虑这些项目的影响,考虑公司的GAAP和非GAAP财务结果和展望,以及直接在非GAAP措施之前提供最具可比性的GAAP措施,并提供一份说明调整情况的对账单,从而弥补了由于排除这些项目而产生的限制。
前瞻性声明
本通信包含根据联邦证券法的某些前瞻性描述。前瞻性描述可能包括我们对目标、信念、战略、目标、计划(包括产品和服务开发)、未来的财务状况、结果或预测的陈述。在某些情况下,您可以根据"may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "intend"或"continue,"以及其他类似的术语来识别前瞻性描述。这些陈述受已知和未知的风险、不确定性、假设和其他因素的影响,这些因素可能导致实际结果与前瞻性描述所思考的结果有重大差异。这些前瞻性陈述并不代表未来业绩、情况或结果的保证,并涉及多个已知和未知风险、不确定性、假设和其他重要因素,其中许多因素超出了我们的控制范围,这些因素可能导致实际结果或结果与本通信中讨论的结果有重大差异。包含此类信息不应被视为公司或任何人的陈述,即公司的目标将会实现。可能会影响实际结果或结果的重要因素包括:与公司未来方向或治理相关的风险;我们执行战略和业务计划的能力;现有和未来产品和服务的接受中固有的重大不确定性;保留关键人员的能力;目前和潜在的诉讼和相关的法律费用;影响对我们服务需求的一般经济和市场条件;我们无法进行一项或多项未来收购或战略交易;以及我们有能力或决定不追求电子竞技业务的战略选择。您应当在此处描述任何前瞻性描述时考虑与之相关的风险领域。AGAE的业务和运营面临重大风险,这增加了本通信中所含前瞻性描述固有的不确定性。除非法律要求,我们并不承诺公开发布对这些前瞻性描述的任何修改结果,以反映本通信日期后发生的事件或情况,或反映意外事件的发生。有关可能影响我们业务和结果的潜在因素的进一步信息,请参阅我们于2023年12月31日结束的年度报告10-k表格,在2024年3月28日与美国证券交易委员会("SEC")进行的提交,以及由于2024年4月29日向SEC提交的10-K/A表格所作的修正,以及我们随后向SEC提交的报告。读者还要认真审阅并考虑我们在此类年度报告10-k表格中所做的各种披露,以及随后与SEC提交的报告。
简明合并现金流量表,续表 |
压缩合并资产负债表 |
| | | | |
| | 6月30日, | | 12月31日 |
| | 2024 | | 2023 |
| | (未经审计) | | |
资产 | | | | |
流动资产 | | | | |
现金及现金等价物 | | $ | 33,303,635 | | | $ | 16,320,583 | |
短期投资 | | | 54,800,000 | | | | 56,500,000 | |
应收利息 | | | 2,095,405 | | | | 792,223 | |
应收账款 | | | 377,589 | | | | 529,369 | |
存款,短期 | | | 3,700,000 | | | | 3,700,000 | |
资产预付款和其他流动资产的变动 | | | 457,645 | | | | 498,886 | |
流动资产合计 | | | 94,734,274 | | | | 78341061 | |
受限现金 | | | 5,000,000 | | | | 5,000,000 | |
资产和设备,净值 | | | 3,378,118 | | | | 3,834,193 | |
数字资产 | | | 49,300 | | | | 49,300 | |
无形资产, 净额 | | | 5,801,239 | | | | 6,254,731 | |
存款,长期资产负债中的非流动部分 | | | 376,678 | | | | 392,668 | |
经营租赁资产使用权 | | | 4,944,215 | | | | 5,415,678 | |
商誉 | | | 12,413,826 | | | | 12,729,056 | |
总资产 | | $ | 126,697,650 | | | $ | 112,016,687 | |
负债和股东权益 | | | | |
流动负债 | | | | |
应付账款 | | $ | 1,138,571 | | | $ | 371,830 | |
应计费用及其他流动负债 | | | 857,175 | | | | 763,512 | |
递延收入 | | | 350,265 | | | | 103,748 | |
经营租赁负债,流动部分 | | | 1,545,350 | | | | 1,482,977 | |
贷款支付 | | | 29,076,365 | | | | 9,230,168 | |
总流动负债 | | | 32,967,726 | | | | 11,952,235 | |
| | | | |
经营租赁负债,非流动负债部分 | | | 4,816,517 | | | | 5,560,251 | |
递延所得税负债 | | | 1,069,014 | | | | 1,096,160 | |
总负债 | | | 38,853,257 | | | | 18,608,646 | |
承诺和 contingencies(见注释 9) | | | | |
股东权益 | | | | |
(1,194,126) | | | | |
Adjusted EBITDA | | | - | | | | - | |
71,982 | | | | |
Adjusted EBITDA | | | - | | | | - | |
$ | | | | |
(1,127,270) | | | | |
$ | | | | |
993,778 | | | 4,047 | | | | 3,909 | |
股票认购应收款项。 | | | 199,266,718 | | | | View source version on businesswire.com: | |
累积赤字 | | | Tyler Drew | | | | Addo Investor Relations | |
累计其他综合收益 | | | 257,222 | | | | 433,565 | |
库存股,成本为2024年6月30日的2,279,784股和2023年12月31日的2,279,784股
| | | | |
截至2024年6月30日和2023年12月31日,发行并流通的数量为3,185,024股; | | | | | | | | |
全联博娱乐股份有限公司股东权益总额 | | | 77,660,937 | | | | 82,749,924 | |
非控制权益 | | | 10,183,456 | | | | 10,658,117 | |
股东权益总计 | | | 87,844,393 | | | | 93,408,041 | |
负债和股东权益总计 | | $ | 126,697,650 | | | $ | 112,016,687 | |
| | | | | | | | |
随附说明是这些简明合并财务报表的一部分。 |
简明合并现金流量表,续表 |
简明的汇总操作表 |
(未经审计) |
| | | | | | | | | |
| | | 截至三个月的时间 | | 截至2022年六月30日的六个月 |
| | | 6月30日, | | 6月30日, |
| | 2024 | | 2023 | | 2024 | | 2023 |
| | | | | | | | | |
营收: | | | | | | | | |
面对面 | | $ | 917,362 | | | $ | 1,267,773 | | | $ | 2,172,560 | | | $ | 2,461,103 | |
多平台游戏内容 | | | 52 | | | | 2,000,322 | | | | 111 | | | | 2,000,424 | |
休闲手机游戏 | | | 1,722,454 | | | | - | | | | 2,846,258 | | | | - | |
总营收 | | | 2,639,868 | | | | 3,268,095 | | | | 5,018,929 | | | | 4,461,527 | |
成本和费用: | | | | | | | | |
线下(不包括折旧和摊销) | | | 502,203 | | | | 643,831 | | | | 1,138,166 | | | | 1,316,053 | |
多平台内容(不包括折旧和摊销) | | | - | | | | 1,517,311 | | | | - | | | | 1,517,707 | |
休闲手机ARVR游戏(不包括折旧和摊销) | | | 1,561,165 | | | | - | | | | 2,498,070 | | | | - | |
研发费用 | | | 173,533 | | | | - | | | | 368,744 | | | | - | |
销售和市场费用 | | | 54,361 | | | | 66,941 | | | | 108,049 | | | | 121,539 | |
一般及管理费用 | | | 5,236,160 | | | | 2,223,025 | | | | 8,091,482 | | | | 4,766,372 | |
折旧和摊销 | | | 402,698 | | | | 212,218 | | | | 780,168 | | | | 790,778 | |
总成本和费用 | | | 7,930,120 | | | | 4,663,326 | | | | 12,984,679 | | | | 8,512,449 | |
业务损失 | | | (5,290,252 | ) | | | (1,395,231 | ) | | | (7,965,750 | ) | | | | |
其他收益(费用): | | | | | | | | |
其他收入(费用)净额 | | | 14,399 | | | | (11,113 | ) | | | 1,241 | | | | 16,342 | |
外币交易实现的收益 | | | 351,434 | | | | - | | | | 351,434 | | | | - | |
利息收入,净额 | | | 1,041,468 | | | | 715,126 | | | | 1,900,673 | | | | 1,449,575 | |
净亏损 | | | (3,882,951 | ) | | | (691,218 | ) | | | (5,712,402 | ) | | | | |
减:归属于非控股权益的净亏损 | | | (79,693 | ) | | | - | | | | (210,034 | ) | | | - | |
归属于普通股股东的净亏损 | | $ | (3,803,258 | ) | | $ | (691,218 | ) | | $ | (5,502,368 | ) | | $ | | |
| | | | | | | | | |
每股普通股净亏损 | | | | | | | | | |
基本和稀释 | | $ | (0.09 | ) | | $ | (0.02 | ) | | $ | (0.13 | ) | | $ | (每股0.07美元) | |
| | | | | | | | | |
普通股平均发行数量: | | | | | | | | | |
基本和稀释 | | | 43,212,071 | | | | 37,199,100 | | | | 41,034,900 | | | | 37,559,922 | |
| | | | | | | | | |
随附说明是这些简明合并财务报表的一部分。 |
Allied Gaming & Entertainment,Inc.及其附属公司
非依照普遍公认会计准则的财务措施
| | 三个月之内结束 6月30日, | | 销售额最高的六个月 6月30日, |
| | |
| | 2024 | | 2023 | | 2024 | | 2023 |
净亏损 | | $ | | | | $ | | | | $ | | | | $ | | |
利息收入,净额 | | | | | | | | | | | | | | | | |
折旧和摊销 | | | 402,698 | | | | 212,218 | | | | 780,168 | | | | 790,778 | |
EBITDA | | | | | | | | | | | | | | | | |
非经常性法律费用 | | | 2,938,034 | | | | - | | | | 3,138,034 | | | | - | |
保修准备金 | | | 202,308 | | | | 66,856 | | | | 673,908 | | | | 71,982 | |
调整后的EBITDA | | $ | | | | $ | | | | $ | | | | $ | | |
| | | | | | | | |
注:非经常性法律费用与2024年3月7日在特拉华州商业法庭提起的股东投诉有关。 |
请查看商业线(businesswire.com)的源版本。
投资者联系人:
Tyler Drew
Addo Investor Relations
agae@addo.com
310-829-5400
来源:Allied Gaming&Entertainment,Inc。
2024年8月19日发布。